Secured parties are a central identity within the PPSR. They are essentially the Creditor, Lender or Person taking a security interest over certain collateral. Before registering a Financing Statement in the PPSR, a secured party creates a 'Secured Party Group' (SPG) to represent itself and Financing Statements are registered against that secured party group.
The Secured Party Group (SPG) defaults from the Branch, Entity and Global Settings.